Mikemikemike,
Does it look to you like we have bottomed out? That little sell wall looks like whale games to me...
Artoo
It looks like we've stabilised which is great. The next large move will be pivotal. I personally think we're gonna breakout up within the next day. This looks like a textbook descending triangle which means a huge upside move should be coming soon. That order. I don't know. It could just be someone trying to sell. It does seem a little silly though, if they broke it down into smaller orders it would sell allot quicker. Maybe they are trying to push down the market, but with only 40BTC its pretty suicidal, 400BTC would probably do it, not 40. I donno, believe it or not but if I had to choose, I'd say it would just be someone wanting out. It's far too small for a propper manipulation move, and if it is a manipulation move, far too stupid. Remember, large holders doesn't mean they are smart. Allot of 16 year old miners make millions in this business, doesn't mean they have the game to effectively trade. Anyways, it doesnt matter, I'm currently liquidating other funds so i can wipe it off the map. Ill happily take a 40BTC bet that were about to breakout upwards. It's kinda what I do. |
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The funny thing is that I've already received 50% of my initial btc investment back in dividends and the share price is almost 2x what I initially paid. Yeah.. real bad investment. /sarcasm
And I have too. That doesn't mean the next chosen strategy shouldn't be debated on. basicly dont invest in any form of mining at all, you can never ROI according to NotLambChop, mikemikemike, Puppet, anyone im missing?
if you can ROI, you should use those profits towards a larger round, and so on until you reach a large enough scale to make it worth taking out the profits. ofcourse you dont need to wait until you fully ROI to reinvest. you can grow, this is what PETA will do. those who argue against reinvestment should not even be here, go to KNC, ButterlyLabs... and buy their fixed cloud contracts.
dont give me bullshit of reinvestment is same as you taking your investments and choosing, bla bla bla.
you fail to understand the power of PETA, go away.
Dude. You know your here trying to kill a project you say you love right? Every argument I've seen you post is beyond flawed. Believe it or not but me and puppet are trying to teach you guys some important facts about business and finance. If you want to keep thinking you can just magically buy miners at a total cost well above the market rate and make a profit reinvesting the income then I just simply don't know what to say to you. If the miners were manufactured and deployed at a price of around 1.4$/GH your idea might work, MIGHT. But it doesn't, these arn't the prices you are getting. Thinking your going to beat difficulty is honestly suicidal. The difference between the two strategies only gives two outcomes. 1) start with higher dividends and see higher diminishing returns. 2) start with lower dividends and see lower diminishing returns. If you can't keep up with network gain, from a statistical perspective, option one is your only choice. And do you honestly think you'll be able to add 20% more machines every twelve days? After accounting for hosting fees? Run the numbers. I'm 150% correct. I seriously don't think you understand the importance of hosting fees and how they affect long term reinvestment strategies. Please do some research and run some projections. Numbers don't lie, but your unsubstantiated arguements do. |
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thanks Catkiwi ,are you a professiionnal trader ?
if so can you make some technical analyse sometime, its always interresting to see how its going behind number (perhaps with graph) ?
Not a professional, but it is how I make my Bitcoin. Since October 2013. I will tell you this - Expect to see some sell walls out of now which appear maybe once or twice per hour - these are attempts to induce holders to dump coins into the sell wall owners buy orders. The coin is going to test 0.03 in the next 24 hours. Not because of any amazing dev work, or community efforts, but because there is a tidy profit to be made in buying a coin cheaply (as it is now) and pumping it up 50% - It's just a fact. If you are a small fish, like myself, you will be wise to buy back in now. Ideally you bought back in when it was around 186,500 and there were some tasty sells on offer, but it is not too late. The way the manipulators in charge of this particular coin's price direction seem to function is very much based on the performance of Blackcoin and Darkcoin and interestingly Bitcoin itself. You can get an indicator of where XC is going to go based on the rise or fall of those three coins. We discussed a few weeks ago how it is generally the same Bitcoin being moved about various coins, one goes up - the whales cash out - then they start slowly buying up their next target before they place a mammoth 100+ BTC buy wall and let others pump it up for them. The only way to be a successful small trader is to anticipate their next pump, and it is not as hard as people make out. Look for seemingly random, medium sized buy orders ABOVE the market price spread about 2 or 3 hours apart over the space of 24 hours or more. E.g. the last sell price is 190,000 - someone buys 10 BTC up to 193,000 before the price drops back down to 190.000 again. You may think to yourself "Huh, some fool just paid more than they needed to!" - but in reality they are the smart ones. You see they KNOW the target of the next pump, it is always a coordinated effort between the whales to ensure maximum profit among themselves - its bad for business to be fighting each other - they may give the appearance that they are fighting each other but really they are just trying to get you to move in one way or another. If you see this sort of order over the space of 24 hours, take all of them and look at the highest price they bought at for each order - average it - then add on 50% to that (the observed amount a coin seems to pump before the dumping occurs - it is the point where two forces meet - the buyer feels confident that the coin has risen to much to crash and must be a sign its about to "go to the moon" - the seller feels confident that a 50% profit is worth selling 100% of their stash.). Now back track 10%. Between 40 and 50% the whales have quietly been dumping their coins on the buyers who buy without any regard to common sense - they are blinded by greed and will munch through thousands of dollars worth of coins in seconds. By the time the price rises 50% the whales have all but removed themselves from the market and the little fish begin to take their profit. This tips the balance and the coin starts to go down. Without the whales to pump the buys up with massive walls the ordinary buyer gets scared and removes their buy order completely - it happens very suddenly but it causes a 20-25% fall in price within 60 seconds more often than not. Then people foolishly think its just a correction and starting buying again - this slows the descent but doesnt change the downward trend - the coin MUST go back to around the level it was when the whales first started buying with an additional 10% added on. One of the side effects of a pump is that the resulting stable price is usually around 10% higher than the previous. There are what I would call "Super Pumps" whereby the target is set 2 to 500% above the current price - We saw this with Pandacoin, Karmacoin, Blackcoin, Dogecoin, XC, DRK etc. - You generally will only get one shot at this as it relies on a very low marketcap - once a coins starts to get into the 10s of millions of dollars it becomes far harder to pump up 500% - but the sweetspot is aorund $150-500,000. Rest assured however, a super pump is followed by a super dump as seen in every single coin that has ever been pumped up - even Bitcoin and Litecoin themselves. Ultimately just watch the market - thats my advice to you - and I don't mean watch the price - i mean watch the behaviour, what KIND of buys and sells are we seeing? What is the volume and price of each order? what space are they apart? what timezone do they most correlate to? what coin experienced a sell order of similar quantity to the buy order just observed? for example. Have fun! Thank you for taking your time to share your expertise, most people seem to just reached puberty. How do you think xc will stand against all other "anon" coins poppin up? Wont that influence as well (not just whales)? Hope people get inspired by you and we all can share our knowledge and reach a fair balance, dont wanna see the cryptoworld be inspired by wall street haha Dude, I'm trying not to be an asshole here, but why he has posted an in depth peice, it's basis is completely incorrect. As a professional trader myself, none of this is price manipulation. Its called price discovery after a bubble. What's happening is completely natural and not caused by the effects he is stating. Traders know this and we profit hugely from it, what he's saying is to follow the whales, which is completely incorrect. You need to understand the market dynamics so you can beat the whales. And all because someone is a whale doesn't mean they know jack shit about what's going on, You might be following the completely wrong trend and get caught. If you want to know what's happening right now, google 'stock charts descending wedge' and zoom out to the 2H chart which is when the bubble started to pop. Us professional traders know how the market is going to react next without news. Learn too. You can follow the whales and make small amounts, but if you have large amounts you need liquidity, which means knowing what's coming next. If you get caught with a large amount in the wrong turn without liquidity to sell your screwed. I advise you do some research on market dynamics, technical analysis, and both their importances on mass psychology, from there you'll not only be able to predict what the market is most likely going to be able to do next, you'll also be able to call out the waves off FUD before they even appear. Anyways, Once you know that stuff inside out, you would have realised whats happening with the price has zero to do with manipulation, and any attempts at manipulation are extremely short lived and mostly futile. Good luck. |
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It surprises me that at this level theres still people who think that by posting their opinion here they're going to have an influence on the price of the coin
+1 +2 +3 |
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thanks Catkiwi ,are you a professiionnal trader ?
if so can you make some technical analyse sometime, its always interresting to see how its going behind number (perhaps with graph) ?
Not a professional, but it is how I make my Bitcoin. Since October 2013. I will tell you this - Expect to see some sell walls out of now which appear maybe once or twice per hour - these are attempts to induce holders to dump coins into the sell wall owners buy orders. The coin is going to test 0.03 in the next 24 hours. Not because of any amazing dev work, or community efforts, but because there is a tidy profit to be made in buying a coin cheaply (as it is now) and pumping it up 50% - It's just a fact. If you are a small fish, like myself, you will be wise to buy back in now. Ideally you bought back in when it was around 186,500 and there were some tasty sells on offer, but it is not too late. The way the manipulators in charge of this particular coin's price direction seem to function is very much based on the performance of Blackcoin and Darkcoin and interestingly Bitcoin itself. You can get an indicator of where XC is going to go based on the rise or fall of those three coins. We discussed a few weeks ago how it is generally the same Bitcoin being moved about various coins, one goes up - the whales cash out - then they start slowly buying up their next target before they place a mammoth 100+ BTC buy wall and let others pump it up for them. The only way to be a successful small trader is to anticipate their next pump, and it is not as hard as people make out. Look for seemingly random, medium sized buy orders ABOVE the market price spread about 2 or 3 hours apart over the space of 24 hours or more. E.g. the last sell price is 190,000 - someone buys 10 BTC up to 193,000 before the price drops back down to 190.000 again. You may think to yourself "Huh, some fool just paid more than they needed to!" - but in reality they are the smart ones. You see they KNOW the target of the next pump, it is always a coordinated effort between the whales to ensure maximum profit among themselves - its bad for business to be fighting each other - they may give the appearance that they are fighting each other but really they are just trying to get you to move in one way or another. If you see this sort of order over the space of 24 hours, take all of them and look at the highest price they bought at for each order - average it - then add on 50% to that (the observed amount a coin seems to pump before the dumping occurs - it is the point where two forces meet - the buyer feels confident that the coin has risen to much to crash and must be a sign its about to "go to the moon" - the seller feels confident that a 50% profit is worth selling 100% of their stash.). Now back track 10%. Between 40 and 50% the whales have quietly been dumping their coins on the buyers who buy without any regard to common sense - they are blinded by greed and will munch through thousands of dollars worth of coins in seconds. By the time the price rises 50% the whales have all but removed themselves from the market and the little fish begin to take their profit. This tips the balance and the coin starts to go down. Without the whales to pump the buys up with massive walls the ordinary buyer gets scared and removes their buy order completely - it happens very suddenly but it causes a 20-25% fall in price within 60 seconds more often than not. Then people foolishly think its just a correction and starting buying again - this slows the descent but doesnt change the downward trend - the coin MUST go back to around the level it was when the whales first started buying with an additional 10% added on. One of the side effects of a pump is that the resulting stable price is usually around 10% higher than the previous. There are what I would call "Super Pumps" whereby the target is set 2 to 500% above the current price - We saw this with Pandacoin, Karmacoin, Blackcoin, Dogecoin, XC, DRK etc. - You generally will only get one shot at this as it relies on a very low marketcap - once a coins starts to get into the 10s of millions of dollars it becomes far harder to pump up 500% - but the sweetspot is aorund $150-500,000. Rest assured however, a super pump is followed by a super dump as seen in every single coin that has ever been pumped up - even Bitcoin and Litecoin themselves. Ultimately just watch the market - thats my advice to you - and I don't mean watch the price - i mean watch the behaviour, what KIND of buys and sells are we seeing? What is the volume and price of each order? what space are they apart? what timezone do they most correlate to? what coin experienced a sell order of similar quantity to the buy order just observed? for example. Have fun! The whales have tried to shakeout swingtraders 3 times now and they have failed everytime. The swingtraders are whats causing XC not to pump, simply because they will dump on every tiny profit they get, this really generates a lot of sell resistance and it makes pumping very very expensive for whales. The swings are necessary before we can breakout. Google 'Stocks Charts Descending Wedge' and zoom out to the 2H chart. This isn't traders causing this, this is completely natural, traders are just making money off of it before the price adjust up and down naturally. If you google what I just told you too, you'll be pleasantly surprised knowing whats about to come. |
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We know exactly what you are doing retard. no fork that i can see.
FUD because XC is in panic mode - clutching at straws.
Their dev has started helping CRY coin. Another pump n dump
Their mixer is broken and taken people coins.
Their trusted learning solution to stop bad actors is flawed.
Their POS is unreliable and isnt minting for everyone.there is a trick in the coin's name. CRY lets guess the end  Bump. This is brought the trolls out. Get ready for the Pump and Dump  You have absolutely no idea what I'm doing. Here's my last post that wasn't calling out MRWHALE for the bullshitter he is. If you think I'm in here or in the XC thread to do anything more than inform on market conditions and prove wrong FUD and shills then your absolutely fucking crazy. Check my post history. Shills like you are just as bad as MrWHALE spreading FUD. Nice accending triangle forming on the 15m charts. Get ready for the jump
Traders gonna trade
Yup. We buy, we sell. We make money. Everyone else fucking loves it when we buy, but when we sell? Ughhhhhh.. If it makes you guys feel better the smart ones of us are buying right now and the only people selling are the panic stricken ones. So don't worry, the markets going to recover. You can come down from that noose now Check the timestamps against the price then come blow me. Absolutely tired of shills like you being so angry at the FUD yet just spreading absolute lies yourself. You and MrWHALE are both as bad as each other. |
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Your an absolute idiot if you think the FUD he is spreading is going to influence the price.
no fork that i can see.
FUD because XC is in panic mode - clutching at straws. Their dev has started helping CRY coin. Another pump n dump Their mixer is broken and taken people coins. Their trusted learning solution to stop bad actors is flawed. Their POS is unreliable and isnt minting for everyone. there is a trick in the coin's name. CRY lets guess the end Bump. This is brought the trolls out. Get ready for the Pump and Dump Your still an absolute idiot if you think he has any influence on the price whatsoever. |
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no fork that i can see.
FUD because XC is in panic mode - clutching at straws. Their dev has started helping CRY coin. Another pump n dump Their mixer is broken and taken people coins. Their trusted learning solution to stop bad actors is flawed. Their POS is unreliable and isnt minting for everyone. there is a trick in the coin's name. CRY lets guess the end Bump. This is brought the trolls out. Get ready for the Pump and Dump Bump for the troll fegs. Keep bumping this guys. Seems to have struck a nerve somewhere in multi path paridgm. @mike, fuck you too for quoting trolls. Your an absolute idiot if you think the FUD he is spreading is going to influence the price. The reason you keep quotes is so other people can read the context and realise he's bullshitting, it's kind of how discussions go on forums. Crazy innit. |
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***EDIT*** Why you delete my comments OP? I am trying to bring fair and honest criticism. How can anyone trust this thread if they filter comments?
Your such an idiot. Unlike the XC thread this isn't self moderated, your posts can't be deleted Well someone has been deleting my comments, and its not me. I've had over 17 posts deleted in this thread. Your lying. Post a screenshot of the deleted messages report you get to your inbox. |
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Dude. What are you talking about? From someone who owns huge amounts of both, XC's technology is currently not anonymous at all. Look at the last ten pages of the XC thread, this has already been proven.
...rofl, no it has not been proven. Are you an idiot? If you are going to FUD at least make it less obvious. No dude. Your the idiot. Your here mindlessly promoting a technology you know nothing about. Seriously, give up. This game isn't for you. Do you even know anything about XC apart from that you own maybe a hundred of them? I don't know if you guys really want to play this game just yet. ATCSecure has always said that this is just a coinmixer and not "NSA" level type anonymity. His rev 3 will get to that level. If somehow, the answer is correct, you guys will just create a lot of FUD that ATCSecure never said rev 1 will deliver.... you mean. No one should test the anonymity in case they can break it? bit of an odd way to approach a feature set. In my line of work we have always tested code as hard as we possibly can until it broke. Then we knew how to make it better. |
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i feel sorry for the xc bagholders. most are trolls so not too bad. drk is the most anon coin out and will only get better! xc does not even work and steals coins. You sad DRK bagholders don't even know how to verify anon tech. All you know how to do is hold bags tightly. XC anon tech works. So many community members have verified it and there are even youtube videos. but not only does XC's anon tech work, its solution is superior to DRKs Dude. What are you talking about? From someone who regularly trades huge amounts of both, XC's technology is currently not anonymous at all. Look at the last ten pages of the XC thread, this has already been proven. |
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Nice accending triangle forming on the 15m charts. Get ready for the jump
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What's sad is that you have created an account just to troll. It's even funnier you call yourself MrWHALE. I honestly pity you |
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no fork that i can see.
FUD because XC is in panic mode - clutching at straws. Their dev has started helping CRY coin. Another pump n dump Their mixer is broken and taken people coins. Their trusted learning solution to stop bad actors is flawed. Their POS is unreliable and isnt minting for everyone. Rofl, go read vern's twitter you sad bagholders. https://twitter.com/cryptsyFork is mentioned there. nope, not there. why you trolling? scroll down idiot, "BigVern @cryptsy · May 26 Pausing DRK/BTC market while a fork is worked out with the developer" God, no wonder DRK is booming cuz there are a bunch of fucking morons following it. Can't wait till the 1.5m premine finishes dumping on you mindless bagholders. don't care about date. fork is fork is drk = frk Some people really should have been put down at birth. |
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Well this should be interesting. Please bear in mind that trying to keep up with difficulty is impossible for the foreseeable future, vote for dividends, the mine will pay out more with 0% reinvestment than it ever would if we tried to keep it alive.
How do you reconcile that with the fact that we had a tenfold increase in difficulty since PETA-MINE started about 7 months ago (at least on havelock), yet the shareprice during that timeframe increased by more than 50% and is about to increase again with the recent deployment of new hardware? edit: voted 50/50 You're linking share price and difficulty? Weird but ok, the share price went up because Cryptx bought new hardware. But this wasn't keeping up with the difficulty, if anything it is proof that we can't keep up. Our reinvestment fund didn't buy the new hardware, Cryptx loaned the money to Peta, we are in the red at the moment because we couldn't keep our network share with our reinvestment so we were forcefully lent money to try and stay in the game a bit longer. What's weird about it? Your argument is that you can't keep up with difficulty, meaning the investment will lose value, since mining yields less and less. Yet the shares gained value, way above 50%. All the while dividends were paid. Yes, we are in the red, but after 2 weeks auf 100% reinvest (or rather payback) not by much, I guess? At least not compared to the hashing power we gained. Anyone got numbers? The shares gained value when it was announced the hash rate was tripling. This was paid for NOT by our reinvestment but by a loan. This was an engineered rise in share price influenced by outside factors. Cryptx won't always be able to loan Peta a huge amount of money, and even if they are always willing to do that the amount they can loan will eventually be dwarfed by the difficulty. It gained value way before the announcement and was rarely below IPO price since launch. I'd also say we did a bit more than just "keeping up with the difficulty" in the last upgrade. Dude I appreciate your new here so I'm going to say this politely. You have no idea what your talking about. The reason we have kept up with difficulty was because the hardware that was paid for at the last IPO was supossed to be delivered in the first six weeks but ended up taking nearly four months, this caused a slow and steady increase in hashing over the four month period after that, pretty much devoid of reinvestment. This won't happen this time. Your first two dividends will be the largest, you won't see another dividend that high again. Ill say this for the last time, but all of you arguing for a higher reinvestment percentage really need to run the numbers. Your much better off from a ROI perspective getting the dividends out early, there is no valid argument against this because unless you can bring in twenty percent more machines every twelve days after hosting fees your just prolonging a losing battle, where each week you will be worse off than the last. It's allot better just to admit defeat and bleed the returns as quickly as you can. Edit: quoted the wrong post. |
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Nxt,Peercoin,Ripple,Namecoin,Mastercoin,blah blah blah All have weak volume and in my eyes look like poor investments because of that unless someone can explain why theres a solid reason their marketcap value is a fair estimate of their true value. Nxt and Ripple seem the most interesting but if nobody uses or trades them whats the point xD.
NXT. Check that shit out now and thank me in two months. If there is a challenger for the 2nd spot, its them. No question about it. |
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Anyone scalping DRK now?
It ran into the right should of the 0.0219 resistance. Becareful here.
Many sellers just hitting the market and not many bids.
Ugh. It's shocking that people are selling. People are letting fortunes slip through their hands. The selling is normal and healthy, we don't want DRK to run up to far to fast, that is not sustainable. I am glad to see the trolls out again in force, the skepticism is good. If everyone is bullish there are no buyers left. Also, I expect to see rotation out of LTC into DRK. that is a process that will take days not hours. +1 Rome wasn't built in a day. And if it was, it would have been pretty unsafe to live in |
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Traders gonna trade
Yup. We buy, we sell. We make money. Everyone else fucking loves it when we buy, but when we sell? Ughhhhhh.. If it makes you guys feel better the smart ones of us are buying right now and the only people selling are the panic stricken ones. So don't worry, the markets going to recover. You can come down from that noose now |
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Ohhh this is a traders wet dream.
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To have a better view about current unit holders dividend / reinvestment preference, we are opening a vote where every unit holder can submit their preferred ratio. The vote will only be valid for current unit holders and held until Thursday, June 5th 2014 - 12:00 GMT. Votes will be weighted based on the amount of units of each individual unit holder. Based on outcome, we will adapt reinvestment/dividend strategy. AWESOME! Even though it may produce little to no effect, THIS IS TRANSPARENCY and we appreciate it. For myself, I'm content with any reinvestment amount under 60%. I'll be voting to reinvest 50%, even as a vote of confidence, but also because it falls in my acceptable range. To succeed PETA MUST grow faster than the difficulty. Now that may take more efficient kit and/or greater re-investment percentage or a host of other things, but if we do not outpace difficulty, we end up a forgotten footnote and a failed investment. Reinvestment will never keep up with difficulty. It's a sad fact but its true. The sooner you get the divs out the better off investors are. If I owned any shares, 65% divs would be ideal, it would prolong the project slightly and at the same time pay investors a good return. And all in all, when the projects lifetime starts to come to an end, you can just reIPO the remaining shares and buy new units then. You do understand that as a self declared none shareholder we have to take your motivation for comments like that with a HUGE pinch of salt. I got a couple of my friends to invest in this project, they still own shares as the reinvestment percentage changed and I've told them to hold, I don't even trade securities anymore I'm just here trying to keep up with the world. And anyways, all I've said is you can't keep up with difficulty, which is a known fact. From there onwards your only choice is to pump out dividends early because of diminishing returns. And also, why reinvest now at a loss of ROI when you can just use the remaining shares to buy new machines later? Ugghhhhh. It's honestly how I would want it. My days of securities trading is over. If I wanted to play you guys I'd be here asking for a 100% dividends payout so investors would get an increased shareprice then I could sell the shares at a 20% ROI within a week. But I'm not, I honestly believe 65/35 is the best policy. Good luck. |
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